Reference no: EM131706179

Question - The May transactions of Chulak Corporation were as follows.

May 4 -

Paid $700 due for supplies previously purchased on account.7

Performed advisory services on account for $6,800.8

Purchased supplies for $850 on account.9

Purchased equipment for $1,000 in cash.17

Paid employees $530 in cash.22

Received bill for equipment repairs of $900.29

Paid $1,200 for 12 months of insurance policy. Coverage begins June 1.

Required - Journalize the transactions.